US STOCKS SNAPSHOT-Wall Street opens lower after glum China data

BY Reuters | ECONOMIC | 05/16/22 09:32 AM EDT

May 16 (Reuters) - Wall Street's main indexes opened lower on Monday as investors digested downbeat data out of China amid worries over a global economic slowdown and aggressive policy tightening by the Federal Reserve.

The Dow Jones Industrial Average fell 44.51 points, or 0.14%, at the open to 32,152.15.

The S&P 500 opened lower by 10.87 points, or 0.27%, at 4,013.02, while the Nasdaq Composite dropped 77.86 points, or 0.66%, to 11,727.14 at the opening bell. (Reporting by Amruta Khandekar in Bengaluru; Editing by Shounak Dasgupta)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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